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Arkema completes Hipro and Casda acquisitions

9:49 AM MST | March 1, 2013 | Rebecca Coons

Arkema says it has closed the previously announced $365-million acquisitions of biobased polyamide-10,10 producer Hipro Polymers (Zhangjiagang, China) and Casda Biomaterials (Hengshui, Hebei Province, China), a manufacturer of castor oil-derived sebacic acid. "[This acquisition] offers significant growth drivers for our high-tech polyamides, and will help us become the only chemical manufacturer in the world to offer the full range of polyamides 10, 11 and 12," says Thierry Le Hénaff, Arkema chairman and CEO. "Positioned in the green...

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